This webinar will be based on Practice Advisory 2120-3: Internal Audit Coverage of Risks to Achieving Strategic Objectives, and provides guidance on evaluating risk exposures relating to an organization’s achievement of its strategic objectives.

Internal auditing should have an understanding of the organization’s strategy, how it is executed, the associated risks, and how these risks are being managed. The strategy should be used as a foundational element when developing a risk-based audit plan. This Practice Advisory supports section 2120.A1 under Standard 2120 – Risk Management.